The board of directors of Avarga Limited (the Company) (the 'Board') referred to the announcements made on 25 June 2020 and 27 February 2021 in connection with the adoption and subsequent revision of the Dividend Policy ('Dividend Policy'). Unless otherwise defined herein, all capitalised terms. The Board has decided not to declare a final dividend for the financial year ended 31 December 2021 ('FY2021'). For FY2021, the company had earlier paid total interim dividends of SGD 0.0084 (0.84 Singapore cent) per share, with a total dividend payment of SGD 7.676 million.